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Dec 7, 2012
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let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase on the debt limit, like forever. four days ago we offered a serious proposal, based on testimony of president clinton's former chief of staff. since then, there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the cliff. instead of cutting spending, the president want to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has a spending problem, not a revenue problem. and if the president doesn't agree with our proposal, i believe he has an obligation to families and sma
let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on. it had more stimulus spending than it had in cuts. and an indefinite, infinite increase on the debt limit, like forever. four days ago we offered a serious proposal, based on testimony of president clinton's former...
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Dec 8, 2012
12/12
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher could be the key. the top tax rate is set to rise from 35% to 39.6% on january 1st. when asked if a middle ground could be found, both boehner and biden showed some wiggle room. >> the top brackets have to go up. it's not a negotiable issue. theoretically we can negotiate how far up. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city here in
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher...
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Dec 12, 2012
12/12
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the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to see the spending cuts first, show me yours first, before i give you anything on the tax hike. it's this game of who's going to blink first. but it really doesn't benefit john boehner to continue this, as we see the public opinion and his brand is really taking a hit on this. >> i think so. we've seen this movie before. there's a lot of enthusiasm for vague cuts but when you have to actually decide what gets cut, even republicans blanch. the bloomberg poll out today shows 50% of republicans think that it's time to raise the taxes on the top 2% because the president has a mandate. that's just republicans. the
the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to...
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Dec 13, 2012
12/12
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right up to the fiscal cliff. doing that, puts jobs in our country, in danger. jeopardizes a golden opportunity to make 2013 the year that we enact fundamental tax reform and entitlement reform to begin to solve our country's debt problem, frankly, revenue problem. as you can see from this chart, real revenue growth is critically important, as long as real cuts in spending, if we're going to solve our long-term fiscal problem. as i said five weeks ago, the election wasn't a mandate to raise taxes on small businesses. it was a mandate for both parties to work together, to take on the big challenges that our country is facing. republicans are ready and eager to do just that. we made a reasonable offer. it's now up to the white house to show us how they're going to cut spending and give us the balanced agreement that the president has talked about for weeks. if the president will step up and show us he's willing to make the spending cuts that are needs, i think we can do some real good in the days ahead. if not, he w
right up to the fiscal cliff. doing that, puts jobs in our country, in danger. jeopardizes a golden opportunity to make 2013 the year that we enact fundamental tax reform and entitlement reform to begin to solve our country's debt problem, frankly, revenue problem. as you can see from this chart, real revenue growth is critically important, as long as real cuts in spending, if we're going to solve our long-term fiscal problem. as i said five weeks ago, the election wasn't a mandate to raise...
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Dec 9, 2012
12/12
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you've got the fiscal cliff. you have immigration, health care. the economy, jobs, getting in the midst of an issue that is still fairly contentious for a significant number of americans, i think poses some political risk. my guess is where this ends up going is, the administration probably doesn't talk about it and probably doesn't go out of its way to enforce it. and i guess we'll wait and see what we actually do. >> young voters, joe watkins, young voters, no surprise here. according to the new republic, a polling that shows quote an impressive 65 to 70% of voters under the age of 30 supporting marijuana legalization. nationwide, this wasn't a study that was conducted in one state or a particular region. joe, does this issue now present the republican party, with a huge opportunity to gain the support of younger voters? >> i would hope, craig, that we would challenge younger voters to look to their better agnels. obviously the recreational use of marijuana is not the central issue that the republican party or any party would want to use to attr
you've got the fiscal cliff. you have immigration, health care. the economy, jobs, getting in the midst of an issue that is still fairly contentious for a significant number of americans, i think poses some political risk. my guess is where this ends up going is, the administration probably doesn't talk about it and probably doesn't go out of its way to enforce it. and i guess we'll wait and see what we actually do. >> young voters, joe watkins, young voters, no surprise here. according...
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Dec 5, 2012
12/12
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cliff. it would be an incredible lift, i think, to confidence in the markets. >> so with raising revenue also comes along with that what the right would like to see, you know, in terms of raising revenue to the spending cuts and president obama says he is flexible on entitlement reform in the past we have heard he might be open to raising the medicare eligibility age even possibly reducing cost of living increases for social security benefits, where do you stand on this, assuming that republicans let go of tax cuts for the wealthy? >> well, i think we need to do both. i've said we need to raise revenues, we also need to reduce spending. we started this debate after the simpson-bowles commission came in with the recommendations, we've already done $1 trillion in spending cuts on the discretionary side. we need the revenues and additional savings. we understand that. i think the easiest next step is let's pass the bill that's in the house, that gives confidence and a good deal of the revenues
cliff. it would be an incredible lift, i think, to confidence in the markets. >> so with raising revenue also comes along with that what the right would like to see, you know, in terms of raising revenue to the spending cuts and president obama says he is flexible on entitlement reform in the past we have heard he might be open to raising the medicare eligibility age even possibly reducing cost of living increases for social security benefits, where do you stand on this, assuming that...